BHEL to foray into Metro Rail Coaches development biz

State-run BHEL will foray into development of metro rail coaches and is also exploring the possibility of manufacturing lithium-ion batteries in India along with four foreign firms, Union Minister Anant Geete said today.

The company said to have entered into a technology collaboration agreement with Japan’s Kawasaki Heavy Industries Ltd for the manufacture of stainless steel coaches and bogies for Metro Rail systems.

Addressing a press conference here, the minister said the second phase of the FAME India scheme will be rolled out post September when the pilot phase ends. He said a provision of around Rs 9,300 crore has been proposed as budget for implementation of FAME II, including Rs 1,000 crore for charging infrastructure.

He said a collaboration model is being discussed between BHEL and four foreign firms entailing a joint venture or a consortium, whereby 20 per cent equity will be owned by BHEL and 80 per cent will be theirs. Read More